Malaysian investment firm Pembangunan Buku Hijau Holdings Sdn Bhd has signed a memorandum of understanding this week with the Sudan Halal Development Authority, China’s Ningxia province and Indonesia’s biggest Islamic organisation Nahdlatul Ulama to create a transcontinental halal production and trade network.

The aim of the MoU is to ensure adequate supply of halal food through the Global Halalan Toyyiban Supply Chain (GHTSCP), said the company’s Chief Executive Officer Dr Abdul Rashid Tang Abdullah, according to news agency Bernama.

“The four countries will be able to conduct cross-border barter trade and at the same time help strengthen the economy of Muslims in their respective country,” he said.

The company has also signed a collaboration agreement with the Sudanese states of Al Gazira and White Nile on the development of a Halalan Toyyiban hub and export facilitation during the Malaysia-Sudan Trade and Investment Forum held in Karthoum from November 1 to 5.

Beef from Sudan could also contribute significantly to trade between the two countries and pave the way for Malaysian firms to invest in Sudan, said former Prime Minister Tun Dr Mahathir Mohamad, who attended the forum.

“We have been wanting to import beef from Sudan, which has millions of cattle. Previously, they kept cattle as a sign of wealth, but the younger generation now wants to benefit from the export of cattle,” he said.

Livestock plays an important role in Sudan’s economy, and makes up nearly 50 per cent of the country’s agricultural exports. Its livestock and beef exports are mainly oriented to the Middle East market.

Other memorandums of understanding that were signed between Sudanese and Malaysian firms involved Mimos Bhd, Malaysia Airports Holdings Bhd and FELDA.

Malaysian investment firm Pembangunan Buku Hijau Holdings Sdn Bhd has signed a memorandum of understanding this week with the Sudan Halal Development Authority, China’s Ningxia province and Indonesia’s biggest Islamic organisation Nahdlatul Ulama to create a transcontinental halal production and trade network.

The aim of the MoU is to ensure adequate supply of halal food through the Global Halalan Toyyiban Supply Chain (GHTSCP), said the company’s Chief Executive Officer Dr Abdul Rashid Tang Abdullah, according to news agency Bernama.

“The four countries will be able to conduct cross-border barter trade and at the same time help strengthen the economy of Muslims in their respective country,” he said.

The company has also signed a collaboration agreement with the Sudanese states of Al Gazira and White Nile on the development of a Halalan Toyyiban hub and export facilitation during the Malaysia-Sudan Trade and Investment Forum held in Karthoum from November 1 to 5.

Beef from Sudan could also contribute significantly to trade between the two countries and pave the way for Malaysian firms to invest in Sudan, said former Prime Minister Tun Dr Mahathir Mohamad, who attended the forum.

“We have been wanting to import beef from Sudan, which has millions of cattle. Previously, they kept cattle as a sign of wealth, but the younger generation now wants to benefit from the export of cattle,” he said.

Livestock plays an important role in Sudan’s economy, and makes up nearly 50 per cent of the country’s agricultural exports. Its livestock and beef exports are mainly oriented to the Middle East market.

Other memorandums of understanding that were signed between Sudanese and Malaysian firms involved Mimos Bhd, Malaysia Airports Holdings Bhd and FELDA.